Free Printable Module 5 Exercise 3

1.

REFER TO THIS PROBLEM: Maya deposits P12,000 yearly in a savings account at an interest rate of 3% compounded annually. How much will she get at the end of 6 years?

What is R?

a)

12,000

b)

3

c)

1

d)

6

2.

REFER TO THIS PROBLEM: Maya deposits P12,000 yearly in a savings account at an interest rate of 3% compounded annually. How much will she get at the end of 6 years?

What is t?

a)

12,000

b)

3

c)

1

d)

6

3.

REFER TO THIS PROBLEM: Maya deposits P12,000 yearly in a savings account at an interest rate of 3% compounded annually. How much will she get at the end of 6 years?

What is i?

a)

0.03

b)

12,000

c)

77,620.92

d)

6

4.

REFER TO THIS PROBLEM: Maya deposits P12,000 yearly in a savings account at an interest rate of 3% compounded annually. How much will she get at the end of 6 years?

What is n?

a)

0.03

b)

12,000

c)

77,620.92

d)

6

5.

ANSWER THIS PROBLEM: Maya deposits P12,000 yearly in a savings account at an interest rate of 3% compounded annually. How much will she get at the end of 6 years?

a)

P73,142.57

b)

P60,000.25

c)

P77,620.92

d)

P65,006.30

6.

REFER TO THIS PROBLEM: A savings account is to be set up so that P50,000 can be withdrawn every 3 months for 5 years. If money is worth 5% compounded quarterly, how much should be deposited in the account?

What is r?

a)

50,000

b)

3

c)

4

d)

0.05

7.

REFER TO THIS PROBLEM: A savings account is to be set up so that P50,000 can be withdrawn every 3 months for 5 years. If money is worth 5% compounded quarterly, how much should be deposited in the account?

What is m?

a)

50,000

b)

3

c)

4

d)

0.05

8.

REFER TO THIS PROBLEM: A savings account is to be set up so that P50,000 can be withdrawn every 3 months for 5 years. If money is worth 5% compounded quarterly, how much should be deposited in the account?

What is i?

a)

0.015

b)

0.017

c)

0.0125

d)

0.05

9.

REFER TO THIS PROBLEM: A savings account is to be set up so that P50,000 can be withdrawn every 3 months for 5 years. If money is worth 5% compounded quarterly, how much should be deposited in the account?

What is n?

a)

12

b)

3

c)

20

d)

5

10.

ANSWER THE PROBLEM: A savings account is to be set up so that P50,000 can be withdrawn every 3 months for 5 years. If money is worth 5% compounded quarterly, how much should be deposited in the account?

a)

P240,891.75

b)

P1,128,148.93

c)

P879,965.81

d)

P256,328.61

Module 5 Exercise 3

Total questions: 10

Worksheet time: 11mins

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